So, what’s behind this sudden *rocket launch* in price? Well, apparently, it’s the markets rising with the kind of optimism you’d see when someone finds an extra fry at the bottom of the bag. There’s talk of a potential Federal Reserve rate cut in September (because who doesn’t want a little discount on interest rates, am I right?).
At the stroke of quill to parchment, XRP pranceth with a 3.92% gain in the last 24 hours, reaching the sum of $3.16. Should it close in the verdant hue today, it shall mark the fourth consecutive day of its triumphant march. A 13% weekly rise, you say? ‘Tis a reversal of fortune in September, a month once deemed as bearish as a bear in a berry patch! 🌿
We hit a minor snag today, Shibarium lane powered by CCIP will be active on Monday
But, hold your horses! Not everyone in crypto-land is buying the hype.
Such a phenomenon betrays not only the ironclad faith of institutional gentlemen in Bitcoin as a sort of reserve currency, but equally the adoption of a rather novel, cryptic treasury model amongst these august bodies. Permit me, dear reader, to introduce you to the principal hoarders of these elusive coins.
The market’s already betting on interest rate cuts like it’s a Vegas slot machine. 🎰 But thanks to Cook sticking around, the Fed’s independence is safe-for now. Trump’s radical restructuring plans? More like radical *struggling*. 🤡
By the time the sun rose on September 7, those block producers were counting a mere five million dollars in daily network fees-a pitiful echo of the thirteen-point-nine million the day before their wallet got a haircut. Ten days, a 64% nose-dive; that’s what you call a fast fall, like a farmer losing his crops in a sudden frost.
It’s September 12th, Bitcoin just strutted past $115,000 like it owns the place, altcoins are throwing confetti, and Chainlink casually tweets that its TVS has hit over $100 billion. No biggie. 🥳
And yet, we are told by sources close to the matter (sources, of course, who have been mysteriously cloaked in shadow) that Polymarket seeks not just to return to the US but to seek new funding, enough to increase its worth threefold. A $10 billion valuation, they claim. Oh, what a world! Do the heavens tremble at such numbers, or do they laugh behind closed doors? Some investor, a figure who may very well be a digital fortune teller, put the value precisely at $10 billion. A modest estimate, don’t you think?
Word on the street (and by street, we mean fancy reports) is that their tokenized money market concoction-fabulously named the BlackRock USD Institutional Digital Liquidity Fund, or just BUIDL for short-is already prancing about on Ethereum’s playground, shaking hands with big siblings like Securitize and BNY Mellon who babysit custody and transfer agent duties.
